Retail Installment Sales

Chapter 1 of Title 2 of Part 4 of Division 3 of the Civil Code deals with retail installment sales. Article 2 contains definitions.

Section 1802 provides that the definitions given in this article govern the construction of this chapter.

Section 1802.1 defines the term “goods.”

Section 1802.2 defines the term “services.”

Section 1802.3 defines the terms “retail seller” and “seller.”

Section 1802.4 defines the terms “retail buyer” and “buyer.”

Section 1802.5 defines the terms “retail installment sale” and “sale.”

Section 1802.6 defines the terms “retailer installment contract” and “contract.”

Section 1802.7 defines the terms “retail installment account,” “installment account,” and “revolving account.”

Section 1802.8 defines the term “cash price.”

Section 1802.9 defines the term “total sales price.”

Section 1802.10 defines the term “finance charge.”

Section 1802.11 defines the terms “amount financed” and “unpaid balance.”

Section 1802.12 defines the term “total of payments.”

Section 1802.13 defines the term “holder.”

Section 1802.14 defines the term “official fees.”

Section 1802.15 defines the term “person.”

Section 1802.16 defines the term “financing agency.”

Section 1802.17 defines the term “billing cycle.”

Section 1802.18 defines the term “Regulation Z.”

Section 1802.19 states that a retail installment contract, contract, retail installment account, installment account, or revolving account is deemed to have been made in this state and  subject to the provisions of this chapter, if either the seller offers or agrees in this state to sell to a buyer who is a resident of this state or if the buyer accepts or makes the offer in this state to buy, regardless of the situs of the contract as specified therein.

Section 1802.20 defines the term “simple-interest basis.”

Section 1801.21 defines the term “precomputed basis.”